When offshore development companies and services initially started, in the late ’90s, the concept gives the impression to be almost absurd to people in business across the globe. Nevertheless, in the current global scenario, offshore development is no longer a ridiculous topic it once used to be. It is now considered as the assumed international law of business. There are numerous reasons for this radical shift; lower labor and operational costs that extensively impact the organization’s revenue remain the primary reasons for offshoring. A well-executed offshore software development project delivers substantial savings to the business.
Below are the reasons how Offshore software development changing the IT space
New Offshore Locations: According to recent market reports, 70% of the world’s 500 significant companies depend on offshore teams to support their operations. As demand for outsourcing continues to develop, additional tasks are moving to new offshore locations in Latin America and Asia. However, India is the leading destination for employing offshore software development teams due to considerable advantages like price flexibility, IT policies, excellent quality of services, and tech availability.
Enhanced Data Security: Major concern for firms that recruit offshore development is data security. Expansion of the World Wide Web has advanced security risks for businesses, in-house and otherwise. With the reliance on offshore is escalating, security solutions are rapidly evolving to address customer concerns.
Cloud-Computing Technology: Cloud Computing has been around for over two decades; it has gained popularity only recently. Cloud computing guarantees an increase in overall profit and customer satisfaction. Incorporating cloud computing automatically makes the business reliable, with most services maintaining uptime of 99.9% on an average. This leads to the benefits being available 24×7, and cloud-based applications can be launched anywhere, at any point in time. Cloud also offers flexible facilities that can be tweaked depending on the circumstances of a user. This would mean that the capacity of cloud-based service can shrink depending on the user’s needs, which may lead to the reduction of costs for the business.
Collaborative Tools: Collaborative tools were introduced to help many individuals support each other in achieving a common objective. With the boost in offshore development, collaboration tools are now considered a bridge linking onshore and offshore industry teams. However, app developers are currently working on communication and collaboration tools to keep up with the current business environment.
Increasing Demand for Cutting-edge Skills: The irresistible revolution of new technologies varying from artificial intelligence (AI) to cryptocurrency and blockchain creates the need for a business to hire individuals with cutting-edge skills to remain competitive. Demand for skilled IT workers will continue to multiply, driving firms to turn towards offshore development as a new software development strategy. Though the focus will continue to be on hard skills, soft skills such as teamwork, communication, and leadership will also be demanded.
In the evolving landscape of offshore mobile app development, it is evident that digital devices take an imperative place in the modern world, digging deep in most aspects of life; well, a business is no exception.
Contact VGlobal today to know more about how offshore development is changing the IT space.